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In this video tutorial, Erin and Emily from E-Squared Photography aim to simplify the complexities of managing contracts and invoices for photography businesses. They target those new to the field who may feel overwhelmed by business-related tasks. By the end of the video, viewers should gain a clearer understanding of how to manage and send invoices and contracts to clients. They emphasize the importance of separating personal and business finances by opening dedicated checking and savings accounts for all business transactions. Additionally, viewers are encouraged to subscribe for more photography tips and tricks.